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that was monty's work. and in the meantime, our debt went up. >> reporter: and by the way, the five-star movement is number two in the polls. but he's not really a politician. he is a comedian. not kidding. he actually is a comedian. we also managed to catch up with the politician who's more serious about becoming the next prime minister, who has 30% of the votes in the latest polls, his name is mr. bercani. you know him. we'll show you that in the next hour. now it is time for your "global markets report." >>> all right. thank you very much. we are slightly weighted to the upside here. the european equity grind-up rally continues. advances outpaced decliners about 5-4. the dow jones 600, the ftse flat up three points. the dax up 52-week highs. the highest for nearly five years, since january 14, 2008. now xetra dax up. ftse up. and cac 40 up, highest level since july, 2011. up .5%. yields coming down during the session yesterday. employment numbers out of the u.k. in around 15 minutes or so. we'll keep our
that was monty's work. and in the meantime, our debt went up. >> reporter: and by the way, the five-star movement is number two in the polls. but he's not really a politician. he is a comedian. not kidding. he actually is a comedian. we also managed to catch up with the politician who's more serious about becoming the next prime minister, who has 30% of the votes in the latest polls, his name is mr. bercani. you know him. we'll show you that in the next hour. now it is time for your...
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Dec 10, 2012
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. >> and will he or won't he -- mario monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone is happy. some have asked whether the price is justified at that time when the eu is mired in economic and financial -- the prize is justified at that time when the eu is mired in economic and financial crisis. desmond tutu says it is an organization based on military force. >> coveted award was accepted with pride by the eu's 3 president, martin schulz, herman van rompuy, and jose manuel barroso. the standing ovation they received was a rare accolade for the eu in these tough economic times. >> in light of the financial crisis that is affecting so many innocent people, we can see that the political framework in which the un
. >> and will he or won't he -- mario monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone...
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Dec 11, 2012
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monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from him, european leaders, to step down. >> we're starting to see a bid of would ittening. besides the debt market and the shares held outside the one, increasing corners are concerned. >> the statistics, i should point out that the ratio of holders of italian government debt has increased over the past 12 months. we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france than spain. >> france has canceled its
monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from...
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monti's role be? stay with us. we're back in two. >>> we are live in rome all day where the italians are grappling with the aftermath of mario monti's resignation over the weekend, which was a big surprise to everyone. this came earlier than expected. at the same time, former prime minister berlusconi said he is trying to stage a comeback. is this likely, though? well, if you look at the most recent opinion polls, it shows berlusconi's party is trailing by up to 16 percentage points. it will be difficult for him to close that gap over the next two months. so the most likely outcome at this point is that the democratic party, which is pro austerity will win these elections and its leader, he has already promised to the world that, yes, i am going to continue to implement those austerity measures and i will honor the eu's commitment to balance the budget by 2013. the other big question is, what will happen to technocrat prime minister mario monti? right now, he's very vague about what role he will take in the new gov
monti's role be? stay with us. we're back in two. >>> we are live in rome all day where the italians are grappling with the aftermath of mario monti's resignation over the weekend, which was a big surprise to everyone. this came earlier than expected. at the same time, former prime minister berlusconi said he is trying to stage a comeback. is this likely, though? well, if you look at the most recent opinion polls, it shows berlusconi's party is trailing by up to 16 percentage points....
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Dec 10, 2012
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>> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and clo
>> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all...
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Dec 12, 2012
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. >> i think the market is playing a game of three-card monty right now. you have the fed on one side, fiscal cliff in the middle, and i think earnings is actually where the coin is. that's where the prize is. i think the market is vulnerable because it reminds me of 2007. earnings struggled the second half of the year. against that, you have macro easing from the fed. going to the december 2007 meeting, you actually had them cut rates. and after that, the market had a real tough time. >> jim, what do you think about the three-card monty theory? >> i don't really think that earnings is the driving force. i think we've produced much of the earnings for the cycle. we're at new all time highs. the i think earnings will rise a little more. the big key driving force is rising ornaments. over 10% of the gain is because the earnings multiple goes to 13 1/2 now. that's 10% of the gain this year. and rising pes is all about rising confidence. i think, if we agree this is more of a sustainable recovery, then confidence will either continue to rise, and so will valua
. >> i think the market is playing a game of three-card monty right now. you have the fed on one side, fiscal cliff in the middle, and i think earnings is actually where the coin is. that's where the prize is. i think the market is vulnerable because it reminds me of 2007. earnings struggled the second half of the year. against that, you have macro easing from the fed. going to the december 2007 meeting, you actually had them cut rates. and after that, the market had a real tough time....
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Dec 13, 2012
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he's saying monti, that is mario monti, could give us a hand with markets that first moves in any government would regard civic issues that beryl scone neeps ae goal is to distract the public, that italy needs even more reforms than monti's. he the italy anticipate left party and is trying to cast his policy very much with outgoing mario monti is doing calling berlusconi a distraction. and monti suggesting that he is right. >>> now, reynolds shares get a jump start as the carmaker gets a boost from volvo. find out more about that when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> as you can see, there's shares of renault are moving higher after the french carmaker said it's raising around 1.5 billion euros to the through the sale of its 6.5% stake in sweden's volvo. stephane pedrazzi is following the latest fo
he's saying monti, that is mario monti, could give us a hand with markets that first moves in any government would regard civic issues that beryl scone neeps ae goal is to distract the public, that italy needs even more reforms than monti's. he the italy anticipate left party and is trying to cast his policy very much with outgoing mario monti is doing calling berlusconi a distraction. and monti suggesting that he is right. >>> now, reynolds shares get a jump start as the carmaker gets...
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Dec 7, 2012
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support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation
support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the...
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Dec 30, 2012
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i do't know wh is running pr for these people, it might be "monty python," it's bad timing and bad pr. >> brenda: and these people say they need a better, livable wage. yeah, what's wrong with workers getting a raise and wages going up overall in the economy? that's going to give people more confidence. >> brenda: right. >> it's a good, a little wage inflation would be good for this economy. brenda: jonas, are we going to see inflation after different sort? are we going to see inflation to the produs and to the owners too? >> by t vchlimport-- there will be crease ins prices. in this case, the union screwed up in the sense they should have done this during the holiday shipping season and kind of missed that strike opportunity like they had a few years ago and now the shipping volumes are lower so we can kind of handle it, tax increases are going to happen and it will drop off. unions have no power in in and it will fizzle out because of that. >> brenda: what do you think, gary b, a bigger threat because that have? >> no, i think it's a minimal threat. i think it's the right tactic, it
i do't know wh is running pr for these people, it might be "monty python," it's bad timing and bad pr. >> brenda: and these people say they need a better, livable wage. yeah, what's wrong with workers getting a raise and wages going up overall in the economy? that's going to give people more confidence. >> brenda: right. >> it's a good, a little wage inflation would be good for this economy. brenda: jonas, are we going to see inflation after different sort? are we...
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the news that mariom onti -- monti will step down. that's really dragging down the mood. >> let's look at some market numbers. dax closing up. stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the private banks. this was a condition for them to receive further eu funds. finance ministers are set to meet to discuss releasing the bailout funds. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amou
the news that mariom onti -- monti will step down. that's really dragging down the mood. >> let's look at some market numbers. dax closing up. stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the private banks. this was a condition for them to receive further eu funds....
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a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine didn't admit that various online campaign
a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something...
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china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for stimulus, where there's no stimulus. you have this economy in fact improving, or if not, they'll step in anyway, this new regime. >> the band of good we see periodically when rates are so high, they have a lot more room to maneuver than we have. >> right. >> when we come back this morning, what do barbra streisand and apple have in common? people who are sellers. people who need buyers. >> find out what babs is singing about and why she's such a huge fan of "squawk on the street." we'll take the pulse of the consumer, and the economy, with tupperware chairman rick owens. ppi, big fed meeting. we'll break it all down as we look at futures once again here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, w
china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for stimulus, where there's no stimulus. you have this economy in fact improving, or if not, they'll step in anyway, this new regime. >> the band of good we see...
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Dec 22, 2012
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mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political parties over the next day or so. to get their advice as we head towards elections, and he is expected then to dissolve parliament and call elections february 24. that is the date people believe most likely will be the date of the vote. >> what is the move of italians right now? would berlusconi actually have any chance with voters? >> the extraordinary thing is that despite his being really comprehensively discredited in the eyes of the rest of the world, a lot of italians seem prepared to fall for his charm and his promises, and he is actually on a media blitz at the moment, taking advantage of the fa
mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political...
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you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> ri
you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator...
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that whoos them by exceeding to some sort of immigration reform, but they don't want to go the full monty. you see this even among republican elites. in the same politico article you have karl rove and others quoted saying we need to do something on immigration. we should do partial measures. we shouldn't go all the way to amnesty, and i think that they're reacting to a lot of blowback that they've gotten from their base as they've talked about the need to go out and make immigration reform something that they just set off the table. >> that quote is factually wrong. what this person thinks is if we have immigration reform, then you'll have more latinos who can vote. maybe you're changing the time frame, but the fact is because of the 14th amendment, anyone who is born in the united states legally or illegally is a legal citizen. you can vote. you can't stop these people from voting. they're just wrong. >> that's 50,000 hispanics turn 18 years old every month, period. that should be the only thing that is in front of the gop right now. all of this hem and hawing about what we're going to
that whoos them by exceeding to some sort of immigration reform, but they don't want to go the full monty. you see this even among republican elites. in the same politico article you have karl rove and others quoted saying we need to do something on immigration. we should do partial measures. we shouldn't go all the way to amnesty, and i think that they're reacting to a lot of blowback that they've gotten from their base as they've talked about the need to go out and make immigration reform...
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Dec 17, 2012
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we might hear from aaron monti as to whether he intends to run as a candidate, although he's going to step aside as sort of the incumbent prime minister. ten-year spanish yields, slightly allow at 1.372%. we go to 84.48, the lowest against the dollar since april 20111. euro/dollar, 1.3159. kind of where we were at new york levels. that's where we stand right now in this european session. let's recap the trading week so far in asia. deidre has more for us in singapore. dei. >> ross, you were just talking about the yen. let me start there. it did hit a 20-month low against the u.s. dollar. that helped out u.s. equities. they hit an 8 1/2 month high after shinzo abe won the election. japanese equities, they moved inversely. the korean won is strengthening against the yen and this is putting it head to head with some of the japanese carmakers. it's causing concern about the korean carmakers because their vehicle res now becoming more expensive. so we did see some weakness there. moving on the tote greater chinese markets, the shanghai comp continued to gain. it has been on quite the rally
we might hear from aaron monti as to whether he intends to run as a candidate, although he's going to step aside as sort of the incumbent prime minister. ten-year spanish yields, slightly allow at 1.372%. we go to 84.48, the lowest against the dollar since april 20111. euro/dollar, 1.3159. kind of where we were at new york levels. that's where we stand right now in this european session. let's recap the trading week so far in asia. deidre has more for us in singapore. dei. >> ross, you...
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italian prime minister mario monti who has a non-elected cabinet of technocrats stated that he plans to resign the news came hours after the country's former pm silvio berlusconi announced he is to run for office in next year's parliamentary elections on thursday barrels counties people of freedom party withdrew its support from the government he says montes a stare at the policies that harm italy and he helps to leave the country out of the financial crisis seventy six year old has already served as italy's prime minister for three separate terms is currently caught up in a number of scandals including tax fraud convictions which he is appealing add to accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to extend the kyoto protocol a treaty that limits the greenhouse gas output of some nations and hopes of curbing global warming legally binding plan was approved by un delegates during the climate talks in doha the summit established for the first time the rich nations should move towards reimbursing poorer nations f
italian prime minister mario monti who has a non-elected cabinet of technocrats stated that he plans to resign the news came hours after the country's former pm silvio berlusconi announced he is to run for office in next year's parliamentary elections on thursday barrels counties people of freedom party withdrew its support from the government he says montes a stare at the policies that harm italy and he helps to leave the country out of the financial crisis seventy six year old has already...
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there's unrest on the market started italy's technocrat prime minister mario monti announced his plans to leave the former pm serbia but a skinny has thrown his hat into the ring again after he missed tunis party support for the government in auntie says he will go out and next year's budget is passed which could see an election in february which is earlier than expected elsewhere the greek prime minister is trying to secure more support for ukraine as a wealthy conservative region above area earlier greece is a creditors are going to prop it up another forty four billion euros a week attorney george felos the also missions are still a long way off. so most guys me loose don't. listen to music. but unfortunately generally know and. don't view it is not easy to. control it's just that you go to example even to the. national military fund. as if they know. that but of course it's real easy for the smirk you do so such a. german experience so. the simple you serious are usually more of a more cell phone for people with. such. well if the e.u. are pursuing the goal of united europe at the
there's unrest on the market started italy's technocrat prime minister mario monti announced his plans to leave the former pm serbia but a skinny has thrown his hat into the ring again after he missed tunis party support for the government in auntie says he will go out and next year's budget is passed which could see an election in february which is earlier than expected elsewhere the greek prime minister is trying to secure more support for ukraine as a wealthy conservative region above area...
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Dec 31, 2012
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>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which is needed. and on taxes, and there is not a lot of sympathy, but if you are a boat maker, high-end hom
>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the...
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Dec 17, 2012
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a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-old girlfriend he says. political commentators in italy have cheaply suggested that he's doing this to look more like a family man ahead of his run in february. he is 76 years old. of course. and his divorce from his second wife is not final yet. that's been very bitter. remember they wrote letters to the editor to each other in the paper, as the process of their separation was occurring in their divorce. addressing the parliament is also now a banking supervisor and also saying that the medium term outlook for the european economy looks to be challenging. in the category of the sky is blue. carl? thank you michelle back at
a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-old girlfriend he says. political...
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Dec 11, 2012
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it said send monti to the beach. it doesn't take long to get -- how long is the average government in italy? >> i don't know. is kelly evans still with us? >> she's gone. that's about as long as a -- her report is about as long as the average government. but they have a figure. >> let's head to eric fisher on today's weather forecast. maybe he has the answer. >> eric. >> unfortunately not, guys. i know the weather changes quickly, and that's my business here. i don't deal with the italian government too much. but what we're watching for today too much in items of changes, it's colder outside. as soon as you walk out the door, you notice a big change in that cold front. this time yesterday in cincinnati, 17 degrees colder. 30 degrees colder in jackson. still showers around boston and new york city. they'll be out of the way fairly quickly. our main story is florida. miami, naples, picking up showers and thunderstorms. a half dozen tornados across the south yesterday. we'll watch tampa, daytona be h beach, ft. myers. t
it said send monti to the beach. it doesn't take long to get -- how long is the average government in italy? >> i don't know. is kelly evans still with us? >> she's gone. that's about as long as a -- her report is about as long as the average government. but they have a figure. >> let's head to eric fisher on today's weather forecast. maybe he has the answer. >> eric. >> unfortunately not, guys. i know the weather changes quickly, and that's my business here. i...
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monty ball and melvin gordon rushed for 200 yards against the cornhuskers. he is the career leader in touchdowns with 81. this will be wisconsin's third straight trip to pasadena, but the badgers have lost the last two years to tcu and oregon. meanwhile, san jose state plays bowling green in the military bowl on december 27th in washington, d.c. for the first time ever the spartans are ranked 24th at the at and bcs polls. he is a big reason for the team's success. he leads the nation in passing accuracy and is tied for eight with 31 touchdowns. later in the show stanford basketball and former cardinal quarterback andrew luck pulls out a victory with no time on the clock. this abc7 sports report is brought to you by river rock casino. >> appreciate it. >>> coming up next on the news at 11:00, the russian river was one of the areas of concern. why residents are breathing a sigh of relief. and lots of water and lots of snow. we will show you what they are facing in th >>> good evening. i'm ama dates. today's storm left its mark across the area. it caused a road
monty ball and melvin gordon rushed for 200 yards against the cornhuskers. he is the career leader in touchdowns with 81. this will be wisconsin's third straight trip to pasadena, but the badgers have lost the last two years to tcu and oregon. meanwhile, san jose state plays bowling green in the military bowl on december 27th in washington, d.c. for the first time ever the spartans are ranked 24th at the at and bcs polls. he is a big reason for the team's success. he leads the nation in passing...
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we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want to draw your attention -- use guys were talking about unions. here's a union story that tells something about the rebalancing in the eurozone. potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along w
we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong...
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monty ball and melvin gordon rushed for 200 yards against the cornhuskers. he is the career leader in touchdowns with 81. this will be wisconsin's third straight trip to pasadena, but the badgers have lost the last two years to tcu and oregon. meanwhile, san jose state plays bowling green in the military bowl on december 27th in washington, d.c. for the first time ever the spartans are ranked 24th at the at and bcs polls. he is a big reason for the team's success. he leads the nation in passing accuracy and is tied for eight with 31 touchdowns. later in the show stanford basketball and former cardinal quarterback andrew luck pulls out a victory with no time on the clock. this abc7 sports report is brought to you by river rock casino. >> appreciate it. >>> coming up next on the news at 11:00, the russian river was one of the areas of concern. why residents are breathing a sigh of relief. and lots of water and lots of snow. we will show you what they are facing in [ female announcer ] now get high speed internet at home on our newly expanded advanced digital n
monty ball and melvin gordon rushed for 200 yards against the cornhuskers. he is the career leader in touchdowns with 81. this will be wisconsin's third straight trip to pasadena, but the badgers have lost the last two years to tcu and oregon. meanwhile, san jose state plays bowling green in the military bowl on december 27th in washington, d.c. for the first time ever the spartans are ranked 24th at the at and bcs polls. he is a big reason for the team's success. he leads the nation in passing...
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europeans were very amenable to my point of view on this, which is you think back to a year ago when monti gets named technocrat tick prime minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's
europeans were very amenable to my point of view on this, which is you think back to a year ago when monti gets named technocrat tick prime minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25...
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monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has changed several times since then. and i don't think anything would be necessary right now with the new management. >> dirk, you mentioned, too, broader concern. what happened at barclays spurred basically a restructuring. ubs we're seeing that restructuring take place. what are the prospects for this company going into 2013? >> well, ubs by its own admission expects mid single digit roes for 2013 and 2014. so this is one of the lowest roes in the banking sectorment at t -- sector. they're trading at multiples. i think we'
monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has...
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. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding in the short-term there are obviously economic hardships going on, it is classic then in an economic down turn, peopl
. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word?...
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in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the election result in february will be a less strong coalition to enact reform, which is clearly where we hope they will go as in keeping -- trying to keep the investor sentiment going. in rome, they actually auctioned 12 euros of bills. all the politics with berlusconi not really affecting the market. yields are low, confidence still in there. some italian banks rose on the back of that. not huge moves. you can see bpms, up 2.2%. in the center of europe where it was concentrated, other banks moved higher. i'll show you those, lloyds, in the netherlands. and one is a bank here
in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the...
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you're looking at monty, ginny and porter. >> brian: real? >> steve: yes. those are dogs that are learning how to drive. what they're trying to do is changing the public's per suspicion of the intelligence of rescue dog, showing that you can teach old dogs new tricks. come get a rescue dog. who knows? maybe they'll drive you around. >> brian: i mean, your paws are warn out, you want an alternative? this is it. >> gretchen: how about all the car pooling for moms and dads? got to get your kids to socker and piano. who know as soon as maybe in the coming future the dog can drive. >> steve: one of the extraordinary things, this is taking place in new zealand. they're giving these dogs these driving lessons. they're actually going to have their official driver's test live on television. who wouldn't watch that? >> brian: these are rescue dogs that could pay the ultimate price if people don't adopt them. people are saying look, not only are they great dogs, but how intelligent they are. >> gretchen: maybe that dog could teach me how to parallel park. >> brian: ho
you're looking at monty, ginny and porter. >> brian: real? >> steve: yes. those are dogs that are learning how to drive. what they're trying to do is changing the public's per suspicion of the intelligence of rescue dog, showing that you can teach old dogs new tricks. come get a rescue dog. who knows? maybe they'll drive you around. >> brian: i mean, your paws are warn out, you want an alternative? this is it. >> gretchen: how about all the car pooling for moms and dads?...
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this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that ge
this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher...
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. >> premiere monti said he plans to resign following the sudden loss and support from the party of berlusconi paving the way for early elections a year after he pulled the country back from the brink of disaster. >> a massive search-and-rescue effort in the philippines with 900 fishermen missing after a typhoon struck. >> new fallout to the growing political conflict in egypt. egyptians in egypt are flooding into the united states many live ing egypt because of the crisis and for their safety. and now, live in los angeles. dominic, what sort of scale is this wave of asylum seekers? >> napolitano at homeland security says we are seeing a doubling of seekers since the muslim brotherhood took power and 100,000 egyptians have turned up according to unofficial figures. it is mostly the coptic christians and we understand, as well, that new constitution does so little to protect minority rights including christians there and this is an attempt by the islamist to wipe out what remains, really, of the christian community in cairo. take a listen. >> christianity is in the middle coast where the cultur
. >> premiere monti said he plans to resign following the sudden loss and support from the party of berlusconi paving the way for early elections a year after he pulled the country back from the brink of disaster. >> a massive search-and-rescue effort in the philippines with 900 fishermen missing after a typhoon struck. >> new fallout to the growing political conflict in egypt. egyptians in egypt are flooding into the united states many live ing egypt because of the crisis and...
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meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost america in terms of growth. at the beginning of the year, they suggested they could knock 1% off potential gdp. and now they say they knocked three-quarters of a percent off growth here. half a percent was due to a general tightening of financial conditions. it's a very complicated set of calculations to get to that, but they have. half a percent of american growth is a result of weaker exports to europe. and the final thing that i think is very interesting. they say there's been a negligible impact on america due to what banks might be doing here. in other words, the european banks in new york, in b
meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost...
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he's less monty burns from the simpsons where he's trying to extract and exact political pain on the republicans. >> i think it's a combination of arrogance. he may be the most arrogant person who ever sat in the oval office. a combination of that and inexperience and if you put those two combinations together, you get someone who is so confident in his own point of view, his own position that he can't recognize any validity in the other person's point of view. >> steve: we've talked to a number of people who say, you know, the president could be overplaying his hands. he thinks he's got all the cards. the republicans could all stand together and jump off the cliff with him and that essentially is going to screw am his legacy for the next four years. >> well, both ronald reagan and bill clinton had strong legacies because they had strong growth in the second terms of their presidency. if barak obama has growth not much more than 2%, his legacy will be ashes. it's surprising to me that he is incapable of recognizing that and trying to put something in place that will bring the economy
he's less monty burns from the simpsons where he's trying to extract and exact political pain on the republicans. >> i think it's a combination of arrogance. he may be the most arrogant person who ever sat in the oval office. a combination of that and inexperience and if you put those two combinations together, you get someone who is so confident in his own point of view, his own position that he can't recognize any validity in the other person's point of view. >> steve: we've...
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right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >> yesterday, in fact. >> that thing is stuck. it ain't going anywhere. those are the types of things that the private equity firms want to get out in the market. >> toy was public, went private. now we talk about it going public one day again. you put that in a group along with via of names that could go if the economy is strong enough. >> my colleague and i, we talked about this. he says if the economy is really great, then maybe these things get out there. ment but a via, a low-growth business right now, purchased at the top of the market. so many of those privately backed companies that are just stuck. we've seen
right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >>...
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remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadc
remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and...